Investment Objective
The BOC-Prudential MPF RMB & HKD Money Market Fund is a money market fund which seeks to achieve long-term total returns by primarily investing in a portfolio of money market and debt instruments denominated in RMB and HKD. The return of the BOCPrudential MPF RMB & HKD Money Market Fund over the long term is expected to follow the price movement of the RMB and HKD denominated money market and debt instruments. The BOC-Prudential MPF RMB & HKD Money Market Fund will invest in HKD and RMB denominated instruments, namely shortterm deposits placed with authorized financial institutions in Hong Kong, money market instruments (such as certificates of deposits and commercial paper) and debt securities including bonds, fixed and floating rate securities, convertible bonds and notes with a remaining maturity of two years or less. The average maturity of securities held by the BOC-Prudential MPF RMB & HKD Money Market Fund as a whole would not exceed 90 days. RMB denominated money market instruments and debt securities invested by the BOC-Prudential MPF RMB & HKD Money Market Fund include securities issued or distributed outside Mainland China by government, quasi-government entities, financial institutions or other corporations which may be non-Hong Kong or non-China entities. The BOC-Prudential MPF RMB & HKD Money Market Fund will only invest in debt instruments that meet the credit rating requirements under the guidelines established by the MPFA11 and will not invest in securities issued within Mainland China through any qualified foreign institutional investor quota. The risk level of the BOC-Prudential MPF RMB & HKD Money Market Fund is generally regarded as low to medium2 .
Fund Details
Latest Fund Expense Ratio: 0.35%
Launch Date(dd/mm/yyyy): 02/04/2013
Unit Price: HKD 10.6365
Fund Size: HKD 654.90M
Fund Commentary
The Fund recorded a loss over the quarter. The loss was driven by depreciation in Offshore Renminbi. Meanwhile, steady income and gains in bond prices offset part of the loss. Going forward, the Fund would look for opportunity to add quality short-term papers in a way to optimize portfolio yield and enhance return.
Fund Performance Information
| Annualised return |
Calendar year return |
1 year
(p.a. %) |
5 years
(p.a. %) |
10 years
(p.a. %) |
Since Launch
(p.a. %) |
2015 | 2016 | 2017 | 2018 | 2019 | Year To Date |
| -2.10% |
0.66% |
N/A% |
0.89% |
-1.50 | -1.59 | 7.76 | -0.57 | 1.12 | N/A |
Fund Performance Information
| Annualised return |
1 year
(p.a. %) |
5 years
(p.a. %) |
Since Launch
(p.a. %) |
| -2.10% |
0.66% |
0.89% |
| Calendar year return |
| 2015 | 2016 | 2017 | 2018 | 2019 | Year To Date |
| -1.50 | -1.59 | 7.76 | -0.57 | 1.12 | N/A |
Top 10 Holdings
| Security name |
Holdings Weight |
| FONTERRA CO-OP 4% S/A 22JUN2020 |
5.5% |
| BMW FINANCE NV 4.25% A 18OCT2020 |
5.5% |
| BK OF CHN/MACAU 3.1% S/A 17APR2020 |
4.4% |
| CHONG HING BANK 3% A 27APR2020 |
4.1% |
| CHN CONST BK/MAC 2.75% A 07APR2020 |
3.8% |
| CITIGROUP INC 4.27% A 20AUG2020 |
3.4% |
| HITACHI CAP UK 4.5% A 09OCT2020 |
1.7% |
| Total |
28.4% |
Top 10 Holdings
Security name
Holdings Weight |
| FONTERRA CO-OP 4% S/A 22JUN2020
Holding Weight 5.5%
|
| BMW FINANCE NV 4.25% A 18OCT2020
Holding Weight 5.5%
|
| BK OF CHN/MACAU 3.1% S/A 17APR2020
Holding Weight 4.4%
|
| CHONG HING BANK 3% A 27APR2020
Holding Weight 4.1%
|
| CHN CONST BK/MAC 2.75% A 07APR2020
Holding Weight 3.8%
|
| CITIGROUP INC 4.27% A 20AUG2020
Holding Weight 3.4%
|
| HITACHI CAP UK 4.5% A 09OCT2020
Holding Weight 1.7%
|
| Total: 28.4% |
Portfolio Allocation
- • 38.1 Cash & Others (CNH)
- • 28.4 Renminbi Bond
- • 33.5 Cash & Others (HKD)
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